Gas utility DEPA’s shareholders – ELPE (Hellenic Petoleum), holding a 35 percent stake, and the privatization fund TAIPED – have requested further details and criteria, in writing, to be applied by the utility for its personnel transfers to DEPA Trade and DEPA Infrastructure, two new new entities resulting from the company’s split in the lead-up to its privatization.
The shareholders want to know how DEPA intends to fill personnel voids expected to be created by the transfers.
DEPA officials and their consulting team, whose ranks includes PWC, are working on finalizing a personnel transfer plan whose board approval will be sought over the next few days. The company’s intention is to have settled the issue by the end of this week.
DEPA has announced it plans to transfer 60 percent of its staff to DEPA Trade, whose majority stake will be placed for sale, and 40 percent to DEPA Infrastructure.
This distribution ratio takes into account staff on the payroll as well as subcontracted associates offered regular work until now.